(Reuters) - Speaking to investors CEO Rick Wagoner said GM, which lost
more than $12 billion in the past two years, had made "major
progress" in its restructuring -- a plan that includes slashing
more than 34,000 jobs and closing 12 plants.
GM cut structural costs by $6.8 billion in 2006 and Wagoner
told shareholders the automaker is on track to reach its target
of cutting those costs by an additional $2.2 billion this year.
Read more at Reuters.com Bonds News
more than $12 billion in the past two years, had made "major
progress" in its restructuring -- a plan that includes slashing
more than 34,000 jobs and closing 12 plants.
GM cut structural costs by $6.8 billion in 2006 and Wagoner
told shareholders the automaker is on track to reach its target
of cutting those costs by an additional $2.2 billion this year.
Read more at Reuters.com Bonds News
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